Public Provident Fund (PPF) scheme is the most popular and long-term savings scheme with a maturity of 15 years. The government is currently offering an interest rate of 7.1% per annum in this scheme.
PPF account can be opened at post office. However, some banks also have this facility. Some banks like State Bank of India (SBI), ICICI and HDFC also allow you to open a PPF account online. So let’s take a look at how to open a PF account with ICICI Bank here.
How to open a PF account in ICICI Bank?
1. Login to your Net Banking service with your ICICI Bank account.
2. In it go to Bank Accounts > PPF Accounts.
3. Now fill the details asked here. After that do E-Sign.
Now after opening a PF account online, withdraw ICICI B from your savings account. Transfer money to PF account.
